Post
Topic
Board Bitcoin Discussion
Re: No matter how much we love BTC, confirmations take way too long!
by
Beliathon
on 28/07/2014, 20:39:49 UTC
Yes but part of the appeal of crypto is you don't have to use payment processor.

If going to have the money flow through a third party anyway, why deal with the volatility?
Because volatility is temporary, while increasing value is permanent. For fiat scrip, decreasing value is permanent. I'll leave the math to you, detective.

Bitcoin hasn't been around long enough to determine if the increasing value is an intrinsic property of the currency.
It's a scarce resource, deflationary in nature. Of course it's an intrinsic property. One could've predicted that before Bitcoin was even launched if Satoshi described the limited nature of the currency.

In fact, the earliest big investors DID correctly predict that reality. Today we call those people "smart money", and many of them are "Bitcoin millionaires".